Toronto-based junior Republic Goldfields (VSE) in association with IMI Mineral Development, a geological consulting firm, has signed a letter of intent with the Cuban government to explore and develop a large epithermal gold deposit in central Cuba.
The Gaspar project covers a 98-sq.-km concession which Republic believes may host an epithermal gold deposit similar to the Pueblo Viejo deposit in the Dominican Republic. Republic will operate the 50-50 joint venture. The agreement will resemble the one concluded between Joutel Resources (TSE) and the Cuban government in July, 1992. The Joutel agreement is expected to be signed this month.
Be the first to comment on "NEWS ROUNDUP — Republic announces Cuban deal"